Trilegal and DSK Legal advised on Laser Power & Infra’s INR 7.42 billion IPO.
Laser Power & Infra Limited completed its initial public offering (IPO) worth INR 7,420.00 million, comprising a fresh issue of 25,327,102 equity shares and an offer for sale by the Promoter Selling Shareholders of 9,345,793 equity shares, each with a face value of INR 5. It is the first listing with an approval to reduce the Fresh Issue size by 50%.
Laser Power & Infra is an integrated manufacturer of power cables, conductors, and other specialised products and components to the power transmission and distribution industry in India.
Trilegal advised Laser Power & Infra and the Promoter Selling Shareholders on the IPO.
The Trilegal Capital Markets team was led by Partner Abhinav Maker, supported by Senior Associate Maniya Goyal and Associates Varda Saxena and K Prashant Agrawal.
DSK Legal advised the book running lead managers, IIFL Capital Services Limited and ICICI Securities Limited, on all aspects of the IPO, including due diligence, drafting and reviewing the offer documents, SEBI and stock exchange filings, transaction documentation and closing.
The DSK Legal team comprised Associate Partner Akanksha Dubey and Associates Forum Vadgama, Mahadevan J, Harshita Dhelia, Kaishena Chauhan and Siddharth Bharadwaj.
Partners Avinash Poojari and Ajay Shaw acted as the relationship and engagement partners.
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